Bitcoin / Yen may fall to 10170700 - 10264600

Our pivot point stands at 10610500.

Our preference

Target 10170700.

Alternative scenario

Above 10610500, look for 10768600 and 10862700.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (10495200) but above its 50 period moving average (10463738).

Supports and resistances

10862700 **

10768600 *

10610500 **

10548400

10475911 last

10264600

10170700 **

10076900 *

9983100 **

Number of asterisks represents the strength of support and resistance levels.